The rent prices in real estate in Highwood, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Highwood has had a strong fall during the last 6 months. In January, the average price per sq.feet was $38.61. In the following month the price per sq.feet fell considerably to $1.75. The price for the following two months in (March, April) had a considerable fall of 2 with regard to the previous two months. The price per sq.feet has had a considerable rise of 218 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $10.34 to $22.5 during May, and June.
When referring to the price in Highwood (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $1,501. In February This price remains at $1,466. During the following two months (March, April) the average price had a considerable fall of 50 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 135 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,520 they are 12 % more affordable than the average price for Highwood . The properties with the lowest average price have 3 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,482.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 20 % more affordable than the average price of ($35 / sq.feet) in Highwood. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 20 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,520 it is 6 % more affordable than the average price in Highwood. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,426 it is 2 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Townhouse with an average cost of $35 / sq.feet. "Townhouse" with an average price of $35 / sq.feet has the most affordable price and would be directed at less affluent cities.